India’s top selling car maker Maruti Suzuki India Ltd posted a 10 per cent rise in net profit for the fourth quarter on Friday, buoyed by strong sales volume growth.
Profit for the January-March quarter rose to Rs. 1,882 crore ($281.74 million) from Rs. 1,711 crore a year earlier, the company, whose iconic ‘Maruti 800’ helped popularise cars in India, said in a statement.
That compared with the Rs. 2,110 crore average estimate of 22 analysts, data showed.
The company sold a total of 4,61,773 vehicles during the quarter, up about 11.4 per cent from a year earlier.>